The budget is meant to feed the ambitious and wealthy, the target is not met: Former Finance Minister Mahat
-
Media Baaji
- Wed, 10 June 2026
Kathmandu. Former finance minister and Nepali Congress leader Dr. Prakasharan Mahat has commented that the budget for the next financial year 2083-84 brought by the government is very ambitious and it has taken a policy to feed the rich class rather than the lower and middle class.
Speaking at the budget review program organized by the Federation of Nepal Industry and Trade on Tuesday, Dr. Mahat claimed that the budget size, revenue targets and economic growth projections were not realistic. In the current situation, the economic growth rate of 7 percent and the goal of creating 1.5 million jobs cannot be achieved, he said. The main weakness of Dr. Mahat pointed out.
Express
Related News
Continued decline in gold prices, how much per tola on Thursday?
Kathmandu. Recently, the price of gold in the Nepalese market has been continuously falling. Gold tola decreased by 1 thousand 800 rupees. According to the Nepal Gold and Silver Business Federation, gold is being bought and sold at 292,700 rupees...
Suryakunda Hydro Electric will issue an IPO for the general public from January 18
Kathmandu. Suryakunda Hydro Electric Company Limited is going to release it to the general public from January 18th. In the first phase, the company has distributed the IPO to local residents affected by the project and Nepalis who are employed ab...
Government's decision to give 50% customs tax exemption on import of petroleum products
Kathmandu. The government has decided to provide a 50 percent discount on customs duty and infrastructure development tax on the importation of petrol, diesel and kerosene. Federal Affairs and General Administration Minister Pratibha Rawal has inf...
What is the exchange rate of which foreign currency on Wednesday?
Kathmandu. Nepal Rastra Bank has determined the foreign currency exchange rate for Wednesday. The value of the US dollar has increased according to the fixed exchange rate. The buying rate of one US dollar is 149 rupees 31 paisa and the selling ra...
The price of gold and silver increased, how much per tola?
Kathmandu. The price of gold and silver has increased in the Nepalese market. Today, the price of gold has increased by 4 thousand 300 rupees per tola. According to the Nepal Gold and Silver Traders Federation, the price of gold in Chapawal has re...
What is the price per share in the women's microfinance share auction?
Kathmandu. Mahila Laguvitta Financial Sanstha Limited has placed 84 thousand 537 shares of founder shares for auction sale. The company has auctioned 74 thousand 246 shares in the name of founder shareholder Niru Kuthumi Rai and 10 thousand 291 sh...